Actual 9.7 GRM/6.5% Cap Rate! This is a unique opportunity to acquire a 6 unit multifamily
property located in unincorporated LA.
Built in 1929, this Spanish style property is comprised of
two separate buildings totaling 4,186sf and comprised of
(6) large 1 bed/1 bath units, with decent layouts, full
kitchen & bath, roomy bedroom, washer/dryer hookups,
and One unit delivered Vacant and in rent ready
condition.
The current tenants have good rent histories, and the
property offers a strong stabilized investment with built in
upside in the rents in a high demand rental market.
On a 5,464sf size lot zoned LC-R4, there a total of 6
garages in the rear w/ alley access, providing an ideal
opportunity for an ADU conversion. Well located in East
Los Angeles near multiple freeways, and near Citadel
Outlets. This is a true Value Add Opportunity!
29 days
|
199
|
6
|
Zillow last checked:
Listing updated:
Listed by:
Brian NohDRE #014381559493085775,
Nohco Real Estate
Source: CRMLS,MLS#: OC26157924Originating MLS: California Regional MLS
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 6
Bathrooms: 6
Rooms
Room types: Kitchen, Living Room
Heating
Wall Furnace
Cooling
None
Appliances
Included: Gas Range, Refrigerator, Water Heater
Laundry: Washer Hookup, Gas Dryer Hookup, Inside
Features
Ceiling Fan(s)
Flooring: Carpet, Laminate, Tile
Has fireplace: No
Fireplace features: None
Common walls with other units/homes: 1 Common Wall